COMEX Silver Slumps To One Month Low

29 Aug 2022 , 04:10 PM

COMEX Silver futures slumped today, extending a recent slide under $20 per ounce amid a heavy selling spree in risky assets. as Asian markets slumped on weak US cues. European shares saw muted trades. The Dow saw heavy losses on Friday, slumping more than 3% on worries over rising US interest rates. Silver fell to a one month low and currently trades down 2% at $18.36 per ounce. COMEX Copper futures also melted today as a heavy selloff in Asian equities and broad strength in the US dollar index hurt the metal. Powered by Commodity Insights